career prospective</li></li></ul><li>Introduction<br />Services or the “tertiary sector” of the economy covers a wide variety <br />of activities such as trading, banking and finance.<br /> <br /><ul><li> The financial services sector includes broking firms, investment services,</li></ul> national banks, private banks, mutual funds, car and home loans, and equity market.<br /><ul><li>The financial services market is growing rapidly, and there is significant potential</li></ul> for further growth. <br /><ul><li> The financial services sector in India has witnessed a fundamental transformation since the country was liberalised. India, in the last few years, has emerged as the one of the most rapidly growing economies across the globe</li></li></ul><li>Meaning:-<br />Financial services refer to services provided by the finance industry. <br />The finance Industry encompasses a broad range of organizations that deal with the management of money. <br />Among these organizations are<br /><ul><li>credit unions,
Financial Services in India Key Drivers<br /><ul><li> India’s high savings rate offers significant opportunity </li></ul> to put resources into the financial markets. <br /><ul><li> favorable demographic profile with a large segment of </li></ul> the population under 30 years. <br /><ul><li>The Census 2011 shows that 56.9 per cent of India’s </li></ul> total population comes in the age group 15-59 years.<br /><ul><li> A large, untapped domestic market, with a huge </li></ul> growth potential.<br /><ul><li>Presence of financial and capital market mechanisms.
A large and continuously growing intellectual capital</li></ul> Healthy rate of economic growth.<br />
Top Ten Financial Services Companies In India<br />:1 SBI Capital Markets Limited<br /><ul><li>This happens to be the oldest organizationsin the sphere </li></ul> of capital markets in India. <br /><ul><li>Established in 1986 in the form of an ancillary of SBI.
The company is a traiblazer in privatization and securitization.
The subsidiaries of SBI Capital Markets are SBICAPs Ventures </li></ul> Ltd.<br />
2. Bajaj Capital Limited:<br /><ul><li>One of the major financial services companies in India, Bajaj Capital offers </li></ul>best investment advisory and financial planning services.<br /><ul><li>The services are metedout to the institutional investors, NRIs, corporate </li></ul>houses , individual investors, high network clients as well.<br />3.DSP Merrill Lynch Limited:<br /><ul><li>A major player in the equity and debt market in India, DSP Merrill </li></ul> Lynch offers financial advises to varied corporations and institutions. <br /><ul><li>With an array of wealth management and investor services, their </li></ul> services are customized in a manner that they meet every investor <br /> requirement<br />
4. Birla Global Finance Limited<br /><ul><li>The subsidiary of Aditya Birla Nuvo Ltd., this company has </li></ul> operation in the corporate finance and capital market arena. <br /><ul><li> Alliance with Sun Life Financial of Canada, they have given birth to </li></ul>Birla Sun Life Insurance Co Ltd. Birla Sun Life Distribution Company.<br /> 5.Housing Development Finance Corporation<br /><ul><li> A best financial solution for home loans, NRI loans, HDFC is </li></ul> the one stop destination for personal finance.<br /><ul><li> HDFC overseas branches all over the world like Kuwait, </li></ul> Qatar, Saudi arab and many others.<br />
6.PNB Housing Finance Limited: <br /><ul><li>This company offers premium solutions for relieving the </li></ul> the borrower segment. <br /><ul><li> The Home Loan Life Insurance Plan of this has come in conjunction with TATA AIG, with the lowest premium when compared to the peers.</li></ul>7. ICICI Group:<br /><ul><li>Wide arena of financial products and services, ICICI Group has </li></ul> solutions like Instant Banking, Online Trading.<br /><ul><li> Providing high class financial services in all segments of the society , </li></ul> ICICI Group deals with Mutual Fund, Private Equity, Securities, and <br /> Life Insurance etc.<br />
8.LIC Finance Limited<br /><ul><li> It is the biggestHousing Finance Company in India, </li></ul> providing finance to individuals for repair or construction or <br /> renovation of any old or new apartment or house.<br /> 9.L & T Finance Limited <br /><ul><li>Established in 1994 by the Larsen and Turbo group, this has </li></ul> become a significant name in the financial sector. <br /><ul><li> Funds for automobiles, Agricultural Instruments, secured </li></ul> loans; they have all types of loans for a long tenure<br />
10.Karvy Group<br /><ul><li> With Mutual Funds Services, Depository Services, Debt </li></ul>Market Services, Investment Banking and many others .<br /><ul><li>Karvy Group has spanned across the domestic financial </li></ul>sector as well as abroad.<br />
Present Scenario In India<br /><ul><li>The growth of financial sector in India at present is </li></ul>nearly 8.5% per year.<br /><ul><li> The rise in the growth rate suggests the growth of the </li></ul>economy.<br /><ul><li> The financial policies and the monetary policies are able to </li></ul>sustain a stable growth rate.<br /><ul><li> The financial sector in India had an overall growth of 15%, </li></ul> which has exhibited stability over the last few years .<br />
Wealth Creation means creation or<br /> Generation of wealth <br />
Mutual Funds<br /><ul><li>A mutual fund is a professionally managed type of </li></ul> collective investment that pools money from many investors <br /> to buy stocks, bonds, short-term money market instruments, <br /> and other securities. <br /><ul><li>In India, Mutual funds come to the rescue of retail </li></ul> investors. All investors know that the best way to make <br /> money is to involve in stock market investing and buying <br /> Indian mutual funds.<br /><ul><li>Investing in the stock market requires in-depth analysis of </li></ul> the scrip and the companies and the business that they are <br /> involved in. <br />
MUTUAL FUND GROWTH IN INDIA<br /><ul><li>The formation of Unit Trust of India marked the evolution </li></ul> of the In Indian mutual fund industry in the year 1963. <br /><ul><li>The last 5 years we have seen annual growth rate of 9%. </li></ul>According to the current growth rate, by year 2010, mutual <br /> fund assets will be double. <br /><ul><li>India has of the view that the industry are likely to </li></ul> continue to grow in a range of 15 to 25 per cent from <br /> the period 2010 to 2015 based on pace of economic growth. <br /><ul><li>The mutual fund industry is expected to grow at a rate of </li></ul>13.4% over the next 10 years<br />
There are many kinds of mutual funds<br /><ul><li> Sector Specific Mutual Fund
Top five mutual fund <br />companies in India<br />1.HDFC Mutual Fund <br />2Tata Mutual Fund <br />3. SBI Mutual Fund <br />4. Reliance Mutual Fund <br />5. DSP Black Rock Mutual Fund <br />
Scope<br /><ul><li>We have approximately 29 mutual funds . </li></ul> There is a big scope for expansion. <br /><ul><li>Mutual fund can penetrate rural like the Indian </li></ul> insurance industry with simple and Limited<br /> products. <br /><ul><li>Emphasis on better corporate governance.
mutual fund agent </li></li></ul><li>Pay Scale<br />Mutual Funds industry is a promising field for youngsters because it is highly remunerative<br />The pay package for such professionals such as portfolio manager are ranges between Rs. 12 lacs - Rs. 30 lacs p.a. approx.<br />And remaining it can be expected that they can easily earn Rs 1 lacs to Rs 1.5 lac per annum with little efforts.<br />
Institutes Offering<br /><ul><li>The Associations of Mutual Funds in India (AMFI) is the</li></ul>only institute in India which offers certificate courses in mutual <br />funds. <br /><ul><li>Securities and Exchange Board of India has made it mandatory </li></ul>for persons or entity associated with mutual fund industries to <br />obtain a certificate andregistration number from AMFI.<br />
Bibliography<br />The Sector Presentation done on the topic Financial Services , done under the Guidance of Dr. Deepesh Sir.<br />Dr. Sharmistha Gupta Ma’am <br />The matter has been collected from the following websites:-<br />www.financeministry.com<br />www.wikipedia. org<br />www.moneysavingchallenge.com<br />
The pictures have been taken from :-<br />www.ibef.com<br />www.google.com<br />THANK YOU<br />Tushar,<br />Vishal, <br />Vishwasakha<br />BBA(II) Section A<br />